Component supplier Excel Automotive Group (EAG) has been acquired by Sancorp Ltd, a holdings company owned and operated by Autoelectro MD Tony Bhogal in partnership with his son Harry.
Terms of the deal have not been disclosed.
The company, originally known as Excel Components started in 2003 providing aftermarket steering and suspension components. The company changed hands in 2015 and was sold again in 2017 to TVS Ltd, the parent company of CV supplier Universal Components Ltd.
The most recent sale will see the company relocate to a new site in Leeds in due course. The Bhogals have appointed former EAG Sales Director Adrian Lamb to the role of Managing Director while Harry Bhogal will handle the day-to-day operations.
“I am delighted to be at the forefront of this new chapter in EAG’s history,” said Lamb. Thanking existing customers for their patience and support he added: “I believe the company has unfinished business, and while the industry has evolved significantly over the years, with the support of Tony and Harry, I am confident we can return the brand to its former glory – we’ll certainly give it a go.”